MSD Partners, L.P.

MSD Partners, L.P., an SEC-registered investment adviser, was formed in 2009 by the principals of MSD Capital, L.P. to enable a select group of investors to invest in strategies that were developed by MSD Capital MSD Capital was established in 1998 to exclusively manage the capital of Michael Dell and his family MSD Partners utilizes a multi-disciplinary investment strategy focused on maximizing long-term capital appreciation by making investments across the globe in the equities of public and private companies, real estate and other asset classes and securities 30+ investment professionals and 60+ employees with offices in New York and London Private Capital Group Focused on partnering with world-class management teams to build outstanding businesses and create long-term value Team with decades of experience in private investing Three-person investment committee which enables the firm to act quickly and efficiently to execute transactions Over $1 billion of equity invested into a broad range of companies Overview of Our Philosophy We partner with founders, entrepreneurs and management teams who value our type of "patient capital" We prefer situations where being a partner with MSD brings value to the management teams with whom we invest We use modest amounts of leverage and invest capital to grow businesses We avoid “sealed-bid” auctions and, instead, prefer situations where founders, entrepreneurs or management teams view us as a differentiated partner to help them drive long-term value in their businesses We are flexible and creative in our approach to structuring investments We operate with transparency and integrity Our Philosophy of Working with Management Teams Communication & Support Open forum for dialogue without distracting the management team Use the broad network of MSD professionals and Michael Dell as a resource to help management drive their business Partner with management to build board of directors by adding individuals that management feels will help create value in their business Focus on major strategic decisions and support management’s efforts to achieve business goals while giving management room to run their business Our best references are our past and current CEOs Economic Alignment Strong philosophy of aligning management with other long-term shareholders through substantial equity incentives Understand the importance of periodic liquidity for our management teams and build this into our structure Work closely with management to derive meaningful metrics for cash compensation Advantages of Partnering with Us Long-term approach to capital decisions and ability to pursue value maximizing strategies that require a longer time horizon than traditional private equity No need to sell business prematurely to market a new fund Access to MSD's network Significant access to additional potential capital to drive growth of business over time Align incentives with management Equity ownership to drive wealth creation Modest leverage to maximize operating flexibility Understand liquidity needs of managers Efficient decision making

Address: 645 5th Avenue, 21st Floor, New York, NY 10022, USA

Phone: +1 212 303 1650
FAX: +1 212 303 1634